Name: Charlie Munger
Rating: 4.3 (174 reviews)
Author: Tren Griffin

What’s in it for me? Hone your investing skills by better understanding Charlie Munger’s savvy strategies.

Here’s your once-in-a-lifetime opportunity to sit down and pick the brain of one of today’s most successful investors. These blinks offer a personal invitation to enter the talented mind of Charlie Munger, legendary investor and financial partner of Warren Buffett.

As the vice-president of Berkshire Hathaway, Munger has done quite well as an investor – to put it mildly. These blinks give you the secrets to his success, outlining in clear detail the steps you too can take to hone your knowledge and become a smart, worldly and successful investor just like Munger.

You’ll also learn

why value investing is like waiting for the bus;
why you should get to know the whims and worries of Mr. Market; and
why “don’t just sit there, do something!“ is the wrong inspiration for an investor.

Great investors like Charlie Munger and Warren Buffett dedicate lots of time to learning more.

Have you heard of Charlie Munger? He’s the legendary investor and financial partner of Warren Buffett, a household name when it comes to smart, successful investing.

But that’s not all. Munger is also vice-president of Berkshire Hathaway, where Buffett is CEO. It should come as no surprise that Munger and Buffett have guided Berkshire Hathaway more than successfully!

Berkshire Hathaway is the fifth-largest public company in the world. Its activities are broad, with interests in sectors such as insurance, finance, energy, utilities, rail freight transport, manufacturing and services. The company also is the sole owner of fast food restaurant chain Dairy Queen, clothing manufacturer Fruit of the Loom and private jet company NetJets, to name just a few.

Berkshire Hathaway also holds considerable stakes in financial services firm American Express, technology giant IBM and The Coca-Cola Company.

On the New York Stock Exchange (NYSE), Berkshire Hathaway common stock is listed with the trading symbols BRK.A and BRK.B.

In December 2014, a Berkshire Hathaway Class A share sold for over $220,000, the highest priced per-share trade on the NYSE. In 2015, the annual revenue of Berkshire Hathaway was $200 billion.

Which begs the question: how did Berkshire Hathaway become such a success?

The company’s success was built on the brilliant investing strategies and sharp minds of Munger and Buffett. For Munger, his success as an investor stems from his unwavering desire to teach himself new things. Indeed, he is the perfect example of his belief that successful investors must be learning machines.

Munger and Buffett dedicate 80 percent of their working day to reading, making acquiring tons of knowledge a key part of their work. Munger says he wasn’t born a business genius but honed his investment savvy through countless hours of reading and absorbing information daily for years.

Munger follows an investing system that focuses on simplicity and builds on what you already know.

Investors like Munger, Buffett, Irving Kahn and Seth Klarman all swear by one method: the Graham value investing system, invented by Benjamin Graham, an American economist and professional investor.

What makes this system such a popular choice among the world’s best investors?

Apply wisdom from a range of different disciplines to help you make better investing decisions.

The Graham value investing system isn’t the only framework Munger follows. He also channels the principles of worldly wisdom in every investing choice he makes.

Worldly wisdom is a unique framework that makes use of a set of mental models, or ways of thinking, across a range of disciplines.

Kernaussagen in Charlie Munger

Worum geht es in Charlie Munger?

Charlie Munger (2015) is your guide to understanding the strategies and principles that for years have guided Warren Buffett’s financial partner, Charlie Munger, considered one of the world’s most successful investors. These blinks introduce you to the Graham value investing system that Munger uses, explain the importance of patience and courage, and show you how to make smart decisions using interdisciplinary knowledge.